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Second-Home Markets Hold Interest, Lack of Inventory Slowing Down Sales

Thursday, June 18, 2020   /   by Teresa Dipeso

Second-Home Markets Hold Interest, Lack of Inventory Slowing Down Sales

One thing that has largely been put on hold due to the coronavirus pandemic—which has led to 8.06 million confirmed cases worldwide—is vacations. While all states have reopened their economies in some capacity, many individuals are still wary of contracting the virus, and are staying home when possible and taking precautionary measure in public. But where does that leave the second-home markets to which luxury buyers typically flock for leisure? 


According to a report from SmartAsset, released earlier this year, the Top Five Hottest Secondary Markets in the U.S. are Ocean City, N.J.; Barnstable, Mass.; Salisbury, Del-Md.; Myrtle Beach-Conway-North Myrtle Beach, N.C.-S.C.; and Naples-Immokalee-Marco Island, Fla.


Here’s the full Top 10 list from Smart Asset:

Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
Long & Foster
Avalon/Stone Harbor/Cape May/Sea Isle/Wildwoods, NJ 08202
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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